News

International
Months After Ban, Binance Renews Focus on UK Launch
December 06, 2021

Binance will be looking more into rolling out its services in the U.K., after initially facing turbulence on those plans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Today in Retail: Kohl’s Urged to Spin-Off eCommerce Business; Retailers Pay Customers to Pick Up...
December 06, 2021

In today’s top retail news, Rakuten and Afterpay are partnering on a new rewards program for customers of both companies, while department store chain Kohl’s is being urged to follow in the footsteps of Saks and others in spinning off its digital business. Also, retailers...

Investments
Hometap Nets $60M in Fresh Capital for Home Loan Platform
December 06, 2021

Home loan platform Hometap on Monday (Dec. 6) announced that it raised $60 million in fresh operating capital through a funding round that will help the company offer its services to more customers in new ways. Get the Full Story Complete the form to unlock...

Investments
Bizongo Valued at $600M After $110M Series D Fundraising Round
December 06, 2021

SmartPaddle Technology Pvt. Ltd, which owns and operates packaging materials platform Bizongo, has raised ₹825 crore ($110 million) through its recent Series D fundraising round, according to regulatory filings, Mint reported Monday (Dec. 6), putting its value at ₹4,500 crore ($600 million). Get the Full...

Retail
New England Convenience Stores Debut Rewards Program on Paytronix Platform
December 06, 2021

Yatco Energy, a chain of 20 convenience stores in the New England area, has debuted its Yatco Rewards program on the software-as-a-service (SaaS) Paytronix platform, according to a Monday (Dec. 6) press release. Get the Full Story Complete the form to unlock this article and...

Social Commerce
TikTok Seller App Manages Online Stores via Smartphones
December 06, 2021

TikTok on Friday (Dec. 3) launched the TikTok Seller app in Indonesia, giving sellers a new way to use TikTok Shopping features through their mobile devices, including registration, inventory management, orders, online business analysis and much more, according to a TechCrunch report on Monday (Dec....

Delivery
DoorDash Debuts Ultra-Fast Delivery Service in New York
December 06, 2021

DoorDash on Monday (Dec. 6) debuted direct delivery of groceries and convenience store items from DashMart locations across New York, starting with the store in Chelsea and adding more in the next few months across New York and other U.S. cities. Get the Full Story...

Ridesharing
UK High Court: Uber-Style Business Model Is Illegal
December 06, 2021

The U.K. High Court has ruled that Uber’s ride-hailing business model is illegal, TechCrunch reported Monday (Dec. 6), reigniting the debate about London’s view on private vehicle contracts and raising questions about how Uber and ride hailing companies can operate and how much they’ll pay...

B2B Payments
25% of AP Professionals Say Duplicate Invoices and Payments Are Major Pain Points
December 06, 2021

Businesses are looking to boost performance by adopting technologies that can quickly extract pertinent details from invoices and feed them into accounts payable (AP) systems. Automation could not just save time by extracting details faster, but also help firms avoid human errors that can lead...